|Sen. Leising’s soil productivity legislation signed into law|
|Written by Submitted|
|Tuesday, February 26, 2013 11:20 PM|
Gov. Mike Pence showed his support of Indiana agriculture by signing Senate Enrolled Act 319 — a measure authored by State Sen. Jean Leising, R-Oldenburg, to prevent a $57 million tax increase on Indiana farmers.
SEA 319 will now take effect March 1. It delays, for an additional year, the implementation of new soil productivity factors proposed by the Department of Local Government Finance. That means the soil productivity factors used for the March 1, 2011, assessment date will be used again for the March 1, 2013, assessment date. SEA 319 additionally requires the DLGF, with the Purdue University College of Agriculture, to submit a report on proposed soil productivity factors to the General Assembly for consideration by Nov. 1, 2013.
“I’m very pleased to have the governor’s support of this bill,” Leising said. “That says a lot about the importance of farmers and agriculture to Indiana’s economy. We want to help those families and the industry. I think protecting them from a 25-percent average increase in property taxes is a good way to do that.”
SEA 319 was the first piece of legislation to be signed into law during the 2013 session and the first to ever be signed by Pence.
Indiana Farm Bureau thanked Pence for signing SB 319 into law, as well as other law makers involved in the legislation.
According to Indiana Farm Bureau, SB 319 addresses unreasonable increases in the state’s soil productivity factor proposed by the state’s Department of Local Government Finance. The soil productivity factor is one component in the complex calculation used to assess property tax.